# CardX, LLC.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cardx

- Industry: Financial Services
- Headquarters: Chicago, US
- Website: www.cardx.com
- Total disclosed funding: $2.1M
- Latest round: Series A (Oct 18, 2017)
- Investors on record: 1

## About

CardX, LLC. provides businesses with innovative payment processing solutions, specializing in surcharging techniques to mitigate credit card fees, enabling clients to retain the full sale amount from transactions.Founded in 2013 in Chicago, US, CardX, LLC. offers specialized payment processing solutions. The company underwent a strategic pivot towards compliance-driven surcharging solutions that were launched in 2023. The founder, Sanna Leskinen, has experience in previous ventures, and the current CEO is Jonathan Razi. CardX raised USD 2.000 mn in its latest GROWTH funding round led by Pace Financial Group in August 2019, bringing the total amount raised to USD 2.000 mn. The company has completed 2 deals to date.CardX specializes in payment processing and offers seamless surcharging solutions that relieve businesses from credit card fees. They enable merchants to accept credit card payments at a net cost of 0%, offsetting fees with surcharges where permissible. Their services cater to a diverse range of clients, including businesses, government entities, and educational institutions. Since its service launch in 2023, CardX has gained over 5,000 customers and collaborates with more than 200 payment processors and Independent Sales Organizations (ISOs), reaching markets across North America and beyond.CardX operates a compliance-driven surcharging program, allowing businesses to keep the full sale amount from credit card transactions while only incurring costs from debit card transactions. Their structured pricing maintains profitability for merchants offering credit card options. The company's key offerings include trademarked surcharging solutions, promoting automated compliance and enhancing payment processes for customer satisfaction.Looking forward, CardX plans to expand its service offerings with new products aimed at enhancing payment processing efficiency, although specific release dates are not disclosed. The company is also targeting geographic expansion into additional markets across North America. The recent GROWTH funding round of USD 2.000 mn will support these initiatives, ensuring that CardX continues to develop solutions that meet the evolving needs of its client base.

## Funding rounds

- Series A, Oct 18, 2017, $2.1M — NxGen Partners

## Investors

- NxGen Partners (https://capitalatlas.ai/funds/nxgen-partners) — Series A